Panama will advance a clean-energy push by embracing ethanol in its gasoline and ending the use of heavy fuels and coal for its power plants by 2023, the nation’s energy minister said.
Even though Panama promotes itself as being carbon-negative, the Central American nation wants to further diversify its sources of electricity generation, cut emissions from transportation and expand its regional power interconnections.
A plan approved in November by Panama’s Cabinet set five goals to transition through 2030 from fossil fuels, Energy Minister Jorge Rivera told Reuters in an interview.
The plan includes electric mobility, distributed electricity generation and energy efficiency targets.
Panama aims to replace a portion of hundreds of thousands barrels per day of fuel, mostly imported from the United States, by biofuels, and to rely more on renewable sources, including solar and wind, for power generation.